Creating Earnings Advance and Recovery
Some earnings are loans or advances; therefore, when they are paid, the system must automatically create a deduction that is processed over subsequent pay runs, recovering the loan or advance.
The PeopleSoft system provides the following elements, accumulators, formula, and generation control to demonstrate this:
|
Name |
Type |
Usage |
|---|---|---|
|
TRANS ADV |
Earnings element. |
Adds advance amount to paycheck when advance occurs. |
|
TRANS ADV AMT |
Accumulator. |
Stores amount of advance. |
|
TRANS BAL AMT |
Accumulator. |
Stores reducing balance. |
|
TRANS REC |
Deduction element. |
Deducts portion of advance from paycheck in subsequent pay runs. |
|
ADV FM GC CHECK |
Advance recovery check formula. |
Adjusts the deduction if taking it all would cause the goal amount to be exceeded. |
|
ADV GC REC IND |
Advance recovery generation control. |
Controls execution of advance recovery check formula. |